Incyte Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.14B | $4.24B | $3.70B | $3.39B | $2.99B | $2.67B | $2.16B | $1.87B |
| Jakafi Net Product Revenues | — | — | $2.59B | $2.41B | $2.13B | $1.94B | $1.68B | $1.39B |
| Other Net Product Revenues | — | — | $564.4M | $336.5M | $187.8M | $71.9M | $92.6M | $79.8M |
| Royalty Revenues | — | — | $515.3M | $468.4M | $490.2M | $411.1M | $333.8M | $263.6M |
| Milestone and Contract Revenues | — | — | $22.3M | $181.2M | $173.6M | $250.0M | $50.0M | $140.0M |
| Cost of Revenue | $372.1M | $312.1M | $255.0M | $207.0M | $151.0M | $131.3M | $114.2M | $94.1M |
| Gross Profit | $4.77B | $3.93B | $3.44B | $3.19B | $2.84B | $2.54B | $2.04B | $1.78B |
| Gross Margin | 92.8% | 92.6% | 93.1% | 93.9% | 94.9% | 95.1% | 94.7% | 95.0% |
| Operating Expenses | ||||||||
| Research & Development | $2.05B | $2.61B | $1.63B | $1.59B | $1.46B | $2.22B | $1.15B | $1.20B |
| SG&A Expense | $1.38B | $1.24B | $1.16B | $1.00B | $739.6M | $516.9M | $468.7M | $434.4M |
| Operating Income | $1.51B | $61.4M | $620.5M | $579.4M | $585.8M | $-263.7M | $402.0M | $129.2M |
| Operating Margin | 29.5% | 1.4% | 16.8% | 17.1% | 19.6% | -9.9% | 18.6% | 6.9% |
| Interest Expense | — | — | $2.6M | $2.7M | $1.9M | $2.2M | $1.9M | $1.5M |
| Pretax Income | $1.66B | $316.6M | $834.2M | $529.1M | $570.4M | $-232.2M | $486.8M | $115.3M |
| Income Tax Expense | $377.8M | $284.0M | $236.6M | $188.5M | $-378.1M | $63.5M | $39.9M | $5.9M |
| Net Income | $1.29B | $32.6M | $597.6M | $340.7M | $948.6M | $-295.7M | $446.9M | $109.5M |
| Net Margin | 25.0% | 0.8% | 16.2% | 10.0% | 31.8% | -11.1% | 20.7% | 5.9% |
| EPS (Basic) | $6.59 | $0.16 | $2.67 | $1.53 | $4.30 | $-1.36 | $2.08 | $0.52 |
| EPS (Diluted) | $6.41 | $0.15 | $2.65 | $1.52 | $4.27 | $-1.36 | $2.05 | $0.51 |
| Shares Outstanding (Basic) | 195.2M | 207.1M | 223.6M | 222.0M | 220.4M | 218.1M | 214.9M | 212.4M |
| Shares Outstanding (Diluted) | 200.7M | 210.5M | 225.9M | 224.0M | 222.1M | 218.1M | 217.7M | 215.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |